DALLAS – Founders Square, a 274,010-sf office building at 900 Jackson St., has been sold. Originally constructed in 1914, the building was most recently renovated in 2016. Newmark represented the seller, Taiwanese investment firm Fidelity Commercial, in the sale to Charter Holdings. read more…
Archives: March 2023
4 Tips for Making Your Best Offer on a Home
Waste management company inks 124.7K sf lease in Brookshire
BROOKSHIRE – Environmental Liquidation has leased 124,700 sf at Empire West Business Park at 117 Empire Blvd. from Stream Realty Partners. Stream Realty Partners was represented internally. read more…
Construction wraps on 156K-sf spec warehouse in northwest Houston
HOUSTON – Stream Realty Partners has completed The Raceway Northwest Distribution Center, a 156,483-sf speculative warehouse along Fairbanks N Houston Rd. and Fallbrook Dr. The development has front-load configuration with 36-ft clear height, 25 dock-high doors, and parking spaces for 109 vehicles and 22 trailers. The company is looking to lease spaces from 70,000 to 156,483 […]
JV snags 100,000 acres along Texas Gulf Coast
BEAUMONT – Bayou Bend CCS LLC—a joint venture of Chevron Corp., Talos Energy Inc., and Carbonvert Inc.—has acquired 100,000 acres for Bayou Bend, a carbon storage project. The storage site now totals 140,000 acres and holds a gross storage capacity of more than one billion metric tons of carbon. read more…
Kansas logistics firm snags 900K-sf distribution building lease
FORNEY – Hayes Co. has leased a more than 900,000-sf distribution building at 11333 County Rd. 212 near US 80. The building was developed in 2022 by Stillwater Capital and Grandview Partners. KBC Advisors negotiated the lease with Paladin Partners. read more…
248-unit Denton multifamily community opens
DENTON – Wood Partners has opened Alta Denton Station, a 248-unit apartment community at 3909 N. Loop 288. The community has one-, two-, and three-bedroom units with rent starting at $1,300 a month. Amenities include a pool, fitness center, coworking space, pet care facilities, and outdoor grilling and dining areas. read more…
Average long-term mortgage rate hits three-month high
WASHINGTON – The average long-term U.S. mortgage rate hit a three-month high last week, reflecting higher Treasury yields and expectations that the Federal Reserve will continue to raise its benchmark rate and keep it there until inflation recedes. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate rose to 6.65 […]
Veterans Land Board increases home loan amount to $726K
AUSTIN – The Veterans Land Board (VLB) has increased the VLB home loan amount from $647,200 to $726,200. All qualifying veterans will continue to receive a competitive interest rate, and veterans with a Veterans Affairs (VA) service-connected disability rating of 30 percent or greater still qualify for a discounted interest rate. Eligible Texas Veterans and Military Members can […]
2 Things Sellers Need To Know This Spring
A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind. 1. Houses That Are Priced Right Are Still Selling Houses that are updated […]